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Campbell's (Nasdaq: CPB) stock fundamentals

Nasdaq: CPB · Consumer staples · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Campbell's (Nasdaq: CPB) sells packaged meals, beverages and snacks under brands including Campbell's, Rao's, Goldfish and Pepperidge Farm. Its Form 10-K reports revenue of USD 9.74 billion and net income of USD 403 million for FY2026, the year ended 2 Aug 2026. Operating margin, our calculation, was 8.7%.

Data as of Source: Form 10-K for FY2026

Key facts

Data as of

Campbell's (Nasdaq: CPB) · USD · fiscal year ends late August · figures from SEC filings; derived values are marked.

Revenue (USD bn)
9.74
FY2026 (ended ) · Form 10-K
Revenue, TTM (USD bn)
9.74
TTM to · Form 10-K
Revenue by quarter, from USD 2.77 bn in Q1 FY2025 to USD 2.14 bn in Q4 FY2026
Net income attributable to shareholders (USD m)
403
FY2026 (ended ) · Form 10-K
Operating margin
8.7%
FY2026 (ended ) · derived
Free cash flow (USD m)
678
FY2026 (ended ) · derived
Net debt (USD bn)
6.74
at · derived: total debt minus cash and short-term investments
Dividend declared per share (USD)
1.56
FY2026 (ended ) · Form 10-K
Shares outstanding (m)
298
at · Form 10-K cover page

Fundamentals profile

vs Campbell's's own FY2022–FY2026 range (fewer than 5 covered peers) · Data as of

Each row places Campbell's's value against its own FY2022–FY2026 range. It describes; it does not rate. There is no overall score. How we calculate this

Campbell's fundamentals profile compared with its own FY2022–FY2026 range. Each row names its period; values are percentages, multiples or years.
DimensionMetricCampbell'sOwn 5-year medianPositionRange
GrowthRevenue, 3-year CAGR to FY2026The 5-year median is the rate to FY2023, whose end years differ in length: FY2023 had 52 weeks; FY2020 had 53 weeks (364 vs 371 days). The range's high end is the rate to FY2025, whose end years differ in length: FY2025 had 53 weeks; FY2022 had 52 weeks (371 vs 364 days).1.4%Own 5-year median 2.5%Near its 5-year median
Lower (1.4%) Higher (6.2%)
MarginsOperating margin (FY2026)8.7%Own 5-year median 11.0%Below its 5-year median
Lower (8.7%) Higher (14.0%)
LeverageNet debt / EBITDA (FY2026; below zero means net cash)5.3×Own 5-year median 4.3×Above its 5-year median
Lower (2.6×) Higher (5.3×)
Cash flowFCF margin (FY2026)7.0%Own 5-year median 7.0%Near its 5-year median
Lower (6.9%) Higher (11.0%)
Dividend historyConsecutive years of cash dividends, to FY2026Every fiscal year in our data, FY2009 to FY2026, had a dividend; our data starts in FY2009.At least 18Own 5-year median not availablenot availablenot available

Source: Campbell's Forms 10-Q and 10-K, SEC EDGAR. Derived by StockFactsheet. Data as of

Compared with Campbell's's own FY2022–FY2026 range because fewer than 5 covered peers exist. Descriptive only; not a rating.

Why did Campbell's operating margin fall to 0.2% in Q4 FY2026?

Campbell's operating margin, our calculation, was 0.2% in Q4 FY2026, the quarter ended 2 Aug 2026. In the 7 quarters before, it ranged from 6.5% to 13.2%. Operating income was USD 4 million on revenue of USD 2.14 billion. A release of 3 Sep 2026 reports USD 117 million of impairment on the Cape Cod and Kettle Brand trademarks.[18]

Chart 1

Campbell's quarterly revenue, Q1 FY2025 to Q4 FY2026

USD bn · quarters ended to

Revenue by quarter, from USD 2.77 bn in Q1 FY2025 to USD 2.14 bn in Q4 FY2026.01232.1Q1FY25Q2Q3Q4Q1FY26Q2Q3Q4stockfactsheet.com
Source: Campbell's Forms 10-Q and 10-K, SEC EDGAR Data as of
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Table 1 Campbell's quarterly revenue, margins and profit, Q1 FY2025–Q4 FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late August
USD mQ4 FY2026ended Q3 FY2026ended Q2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended
Revenue2,137 D2,3662,5642,6772,321 D2,4752,6852,772
Revenue YoY %decreased 7.9% 1decreased 4.4%decreased 4.5%decreased 3.4%increased 1.2% 2increased 4.5%increased 9.3%increased 10.1%
Gross margin %27.3%27.5%28.0%29.6%30.4%29.4%30.5%31.3%
Operating income4 D239273336269 D161327367
Operating margin %0.2%10.1%10.6%12.6%11.6%6.5%12.2%13.2%
Net income attributable to shareholders−60 D124145194145 D66173218
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Source: Campbell's Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.

1 Q4 FY2026 ran – (91 days); Q4 FY2025 ran – (98 days).

2 Q4 FY2025 ran – (98 days); Q4 FY2024 ran – (91 days).

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Revenue fell year on year in each of the last 4 quarters, by 7.9% in Q4 FY2026 (our calculation). It had risen in the 4 quarters before that. Q4 FY2025 ran from 28 Apr to 3 Aug 2025, one week longer than Q4 FY2026, so that comparison is not like for like.

Gross margin, our calculation, was 27.3% in Q4 FY2026, the lowest gross margin of the 8 quarters shown, against 30.4% in Q4 FY2025. For the full year, operating margin was 8.7% in FY2026, 11.0% in FY2025 and 14.0% in FY2023, the highest operating margin of the 5 fiscal years. The lines between gross profit and operating income are set out in the Campbell's financial statements.

How much net debt did Campbell's carry at the end of FY2026?

Campbell's net debt, our calculation, was USD 6.74 billion at 2 Aug 2026. That is total debt of USD 7.14 billion less cash and short-term investments of USD 394 million. A year earlier, at 3 Aug 2025, net debt was USD 6.73 billion, with cash of USD 132 million.

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Table 2 Campbell's cash, debt and net debt, Q4 FY2025–Q4 FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ4 FY2026at Q3 FY2026at Q2 FY2026at Q1 FY2026at Q4 FY2025at
Cash and short-term investments394402561168132
Total debt7,137 D7,010 D7,075 D6,972 D6,857 D
Net debt / (net cash)6,743 D6,608 D6,514 D6,804 D6,725 D
(opens in new tab)

Source: Campbell's Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Across the 5 quarter-ends from Q4 FY2025 to Q4 FY2026, net debt stayed between USD 6.51 billion and USD 6.80 billion. Total debt over the same dates ranged from USD 6.86 billion to USD 7.14 billion. Cash and short-term investments were USD 168 million at the end of Q1 FY2026 and USD 561 million at the end of Q2 FY2026.

Net debt to EBITDA, our calculation, was 5.3× for the 12 months to 2 Aug 2026. For FY2022 to FY2026 it ranged from 2.6× to 5.3×, with a median of 4.3×. General Mills, another US packaged food company, has its own page: General Mills stock fundamentals.

How did Campbell's dividend and free cash flow change in FY2026?

On 3 Sep 2026, Campbell's announced a quarterly dividend of USD 0.25 per share, from USD 0.39 per share before.[18] For FY2026 it declared USD 1.56 per share. Dividends paid were USD 470 million, against free cash flow of USD 678 million (our calculation).

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Table 3 Campbell's cash flow, dividends paid and buybacks, FY2022–FY2026 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended
Cash from operations1,0391,1311,1851,1431,181
Capital expenditure−361−426−517−370−242
Free cash flow678 D705 D668 D773 D939 D
Dividends paid−470−459−445−447−451
Share buybacks−26−62−67−142−167
(opens in new tab)

Source: Campbell's Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Campbell's release says the board reduced the quarterly dividend to help accelerate the path to reducing debt on its balance sheet.[18] It is payable on 2 Nov 2026 to shareholders of record on 1 Oct 2026.[18] Dividends paid were between USD 445 million and USD 470 million in each of the 5 fiscal years from FY2022 to FY2026.

Free cash flow, our calculation, was cash from operations of USD 1.04 billion less capital expenditure of USD 361 million. In FY2025 the same lines were USD 1.13 billion and USD 426 million. Free cash flow was larger than dividends paid in each of the 5 fiscal years, from USD 939 million in FY2022 to USD 678 million in FY2026. Share buybacks were USD 26 million in FY2026, against USD 167 million in FY2022.

How we got these numbers

Every table figure comes from Campbell's's Forms 10-Q and 10-K as filed with the SEC; figures the text quotes from its earnings releases or other SEC filings are cited to them. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q1 FY2024 to Q3 FY2026) and 10-K (FY2019 to FY2026)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. EBITDA = operating income + depreciation and amortisation (our calculation). Net debt = total debt − cash and short-term investments. CAGR = compound annual growth over three fiscal years.
Restatements
None in the periods shown.
Comparator
Each profile row compares the current value with Campbell's's own last five fiscal years, FY2022 to FY2026: the median of those five years and their range, from the lowest to the highest. A current value outside that range is drawn just past the end of the strip. Fewer than 5 covered peers exist, so there is no sector median yet.
Currency
As reported (USD); no FX conversion.
Read the full methodology

Latest filings and disclosures

SEC filings behind Campbell's's figures, newest first.

(opens in new tab)
  1. Filing Form 10-K, fiscal year ended 2 Aug 2026 sec.gov
  2. Filing Form 10-Q, quarter ended 3 May 2026 sec.gov
  3. Filing Form 10-Q, quarter ended 1 Feb 2026 sec.gov
  4. Filing Form 10-Q, quarter ended 2 Nov 2025 sec.gov
  5. Filing Form 10-K, fiscal year ended 3 Aug 2025 sec.gov
  6. Filing Form 10-Q, quarter ended 27 Apr 2025 sec.gov
  7. Filing Form 10-Q, quarter ended 26 Jan 2025 sec.gov
  8. Filing Form 10-Q, quarter ended 27 Oct 2024 sec.gov
All filings on SEC EDGAR

Company identifiers

Data as of
(opens in new tab)
Legal name
The Campbell's Company
Exchange
Nasdaq
Ticker
CPB
Sector
Consumer staples
Country
United States
Fiscal year end
late August (FY2026 ended 2 Aug 2026)
Reporting currency
USD
Accounting standard
US GAAP
SEC CIK
0000016732
Latest filing in this page's data
Form 10-K, fiscal year ended 2 Aug 2026 · filed

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

(opens in new tab)
  1. [1] Filing Form 10-K, fiscal year ended 2 Aug 2026 The Campbell's Company · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 3 May 2026 The Campbell's Company · · sec.gov
  3. [3] Filing Form 10-Q, quarter ended 1 Feb 2026 The Campbell's Company · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 2 Nov 2025 The Campbell's Company · · sec.gov
  5. [5] Filing Form 10-K, fiscal year ended 3 Aug 2025 The Campbell's Company · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 27 Apr 2025 The Campbell's Company · · sec.gov
  7. [7] Filing Form 10-Q, quarter ended 26 Jan 2025 The Campbell's Company · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 27 Oct 2024 The Campbell's Company · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 28 Jul 2024 The Campbell's Company · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 30 Jul 2023 The Campbell's Company · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 31 Jul 2022 The Campbell's Company · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 28 Apr 2024 The Campbell's Company · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 28 Jan 2024 The Campbell's Company · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 29 Oct 2023 The Campbell's Company · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 1 Aug 2021 The Campbell's Company · · sec.gov
  16. [16] Filing Form 10-K, fiscal year ended 2 Aug 2020 The Campbell's Company · · sec.gov
  17. [17] Filing Form 10-K, fiscal year ended 28 Jul 2019 The Campbell's Company · · sec.gov
  18. [18] Company release Campbell's Reports Fourth Quarter Fiscal 2026 Results The Campbell's Company · · sec.gov
  19. [19] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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Cite this page

StockFactsheet (2026). "Campbell's (Nasdaq: CPB) stock fundamentals." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/cpb/

Not investment advice

For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

Author and editor

OffScriptBySami

Founder and editor, StockFactsheet

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Update history

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